TaxAdministrationFinance Bill out with just days to make it law

Finance Bill out with just days to make it law

Budget measures have just days to come into force before Parliament is dissolved

Gordon Brown

The Treasury has published the 2010 Finance Bill leaving just days to bring
the Budget measure into force.

Running to 240 pages, the bill emerged lunchtime today. The Prime Minister is
expected to go to the Queen on Tuesday to seek the dissolution of Parliament
which is expected to take place either at the end of next week (9 April) or the
following Monday (11 April). All government will come to halt the moment
Parliament is dossolved.

It is anticipated the government will use a “wash-up” process to force the
bill through. But this requires a second reading and will need the consent of
the opposition to be successful. No debate of the bill’s measures would take
place in such a process. It remains unclear what approach the Tories and Lib
Dems will take or what would remain in the bill and what would be left out.

The Financial Secretary to the Treasury, Stephen Timms, said:“The Government
has taken unprecedented action to support the economy through the recession.The
Finance Bill published today will help to secure the recovery by introducing
further targeted support for businesses and households. Following its passage,
around half the tax measures we have announced to halve the deficit will have
been passed into law.”

Read more:

Accountancy
Age Budget special

The
Finance Bill 2010

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